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Analysis of Silk Road’s Historical Impact on Bitcoin

• ISL 13y ago
  The plots would be more meaningful in logarithmic form.
  • VMG 13y ago
    why?
    • srl 13y ago
      Because a change from $1 to $5 USD/btc is much larger than a change from $101 to $105 USD/btc. They needed two plots to show activity at two different orders of magnitude - that's the symptom. One plot with a logarithmic y axis would probably be a much better visualization.
  • hammock 13y ago
    For some purposes, maybe. However, the story here is simply whether/when the price goes up and down. For that a normal scale suffices. It's also more accessible to the average reader. Source: I present data and charts to a variety of audiences for a living
• nextstep 13y ago
  Why is bitstamp consistently ~$10 cheaper per bitcoin compared to MTGox?
  • CrunchyJams 13y ago
    You can't withdraw USD from Mt. Gox, so people buy bitcoin to withdraw, driving the price up. Incidentally the same site did an analysis on that a few months ago as well: http://thegenesisblock.com/bitcoin-cross-exchange-spreads-reach-16-month-high/ http://thegenesisblock.com/bitcoin-cross-exchange-spreads-re...
  • deleted 13y ago
    [deleted]